Dana Gas PJSC reported group production results for the half year ended 30 June 2023. The Group's overall production in first half of 2023 averaged 59,800 boepd, a 2% decrease as compared to 61,100 boepd in first half of 2022 as a decline in Egypt production outweighed an increase in the KRI.
The 12% production drop in Egypt was mainly the result of natural field declines. Owing to active reservoir management and optimization of production from existing wells, the reduction was significantly below expected levels of decline for Nile Delta fields, which are typically between 20-30% each year. KRI production grew by 6% to 36,400 boepd from 34,500 in first half of 2022, KRI production was supported by the successful debottlenecking project that added 50 MMscf/d to output in January.